Exchange "Korea Precision Machinery, Additional Reasons for Substantive Review of Listing Eligibility"

[Asia Economy Reporter Junho Hwang] The Korea Exchange KOSDAQ Market Division announced on the 23rd that an additional reason for the delisting review has been added for Hanguk Jeongmil Gidae (Korea Precision Machinery). The company disclosed through the submission of its audit report on the same day that it has incurred operating losses for five consecutive business years. Hanguk Jeongmil Gidae was designated as subject to the delisting review due to five consecutive years of operating losses on March 23 last year. Subsequently, according to the resolution of the Corporate Evaluation Committee on June 23, 2021, the company was granted an improvement period until June 23, 2022.